Sei Investments Co. Buys 16,272 Shares of AECOM (ACM)
Sei Investments Co. raised its stake in AECOM (NYSE:ACM) by 6.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 261,827 shares of the construction company’s stock after purchasing an additional 16,272 shares during the quarter. Sei Investments Co. owned 0.17% of AECOM worth $9,638,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in ACM. Crow Point Partners LLC bought a new stake in AECOM in the third quarter valued at approximately $102,000. Financial Architects Inc lifted its position in AECOM by 1.0% in the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock valued at $150,000 after purchasing an additional 48 shares during the last quarter. Global X Management Co. LLC lifted its position in AECOM by 220.7% in the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock valued at $159,000 after purchasing an additional 3,388 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in AECOM by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock valued at $173,000 after purchasing an additional 576 shares during the last quarter. Finally, GAM Holding AG bought a new stake in AECOM in the second quarter valued at approximately $194,000. Hedge funds and other institutional investors own 80.18% of the company’s stock.
ACM has been the subject of several recent research reports. UBS AG reiterated a “buy” rating and issued a $4.00 price objective (down previously from $40.00) on shares of AECOM in a research report on Tuesday, November 14th. Citigroup Inc. reissued a “buy” rating and set a $4.00 target price (down from $40.00) on shares of AECOM in a research note on Friday, October 27th. KeyCorp reissued a “buy” rating on shares of AECOM in a research note on Friday, September 22nd. Credit Suisse Group reissued a “hold” rating and set a $37.00 target price on shares of AECOM in a research note on Thursday, August 10th. Finally, Canaccord Genuity reissued a “hold” rating and set a $36.00 target price on shares of AECOM in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. AECOM has an average rating of “Hold” and an average target price of $31.70.
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Shares of AECOM (NYSE:ACM) opened at $36.00 on Tuesday. The firm has a market capitalization of $5,620.00, a price-to-earnings ratio of 11.81, a P/E/G ratio of 1.86 and a beta of 1.71. AECOM has a 12 month low of $30.15 and a 12 month high of $40.72. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88.
AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, November 13th. The construction company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. AECOM had a return on equity of 12.12% and a net margin of 1.86%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 earnings per share. analysts predict that AECOM will post 2.66 EPS for the current year.
AECOM announced that its board has approved a share repurchase program on Thursday, September 21st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 18.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
In related news, CEO Michael S. Burke sold 56,800 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $36.86, for a total value of $2,093,648.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael S. Burke sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $37.00, for a total value of $1,110,000.00. Following the completion of the sale, the chief executive officer now directly owns 154,362 shares in the company, valued at $5,711,394. The disclosure for this sale can be found here. 1.14% of the stock is owned by corporate insiders.
AECOM Company Profile
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.
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